Outdoor Specialty Products, Inc. (ODRS) established a 100-share Series A Preferred Stock series from the 10,000,000 shares of Preferred Stock authorized under its Articles of Incorporation. The series’ voting powers, designations, preferences, limitations, restrictions, and relative rights are set out in its Certificate of Designation, filed with the Nevada Secretary of State on October 27, 2026.
Outdoor Specialty Products, Inc. (ODRS) agreed to issue Quantum Qualified Opportunity Fund, LLC 24,402,042 common shares for a $1,500,000 cash purchase price. Closing is scheduled for October 30, 2026, subject to customary conditions; completion is not assured. The company anticipates 5,284,318 common shares outstanding immediately before closing. Principal stockholders would exchange 4,000,000 common shares for 100 Series A preferred shares, and those common shares would be canceled and returned to authorized, unissued status.
At closing, the company would repay notes to Kirk Blosch and Ed Bailey: $226,792 aggregate principal plus $21,216 accrued unpaid interest, both as of June 30, 2026. If completed, Quantum would own approximately 95% of the common stock, excluding Series A shares. The preferred shares are non-voting and have no conversion, dividend or liquidation-preference rights; holders would receive new common shares equal to each company issuance divided by 19 during November 1, 2026, through October 31, 2028. Blosch is to leave officer positions; Dennis M. Danzik is to become President, director and Executive Chairman, and Craig Kitchen Secretary and Treasurer. The agreement also calls for a six-month consulting agreement with Blosch.
Outdoor Specialty Products, Inc. reported very limited sales and continuing losses for the period ended June 30, 2026. Revenue came solely from its Reel Guard product and totaled $52 for the quarter and $117 for the nine months, generating a nine‑month net loss of $40,643. At June 30, 2026, the company had total assets of $17,120 and a stockholders’ deficit of $231,138, reflecting an accumulated deficit of $335,655.
Liquidity remains strained. Cash was $1,291, current liabilities were $248,258, and the working capital deficit was $240,260, including $226,792 outstanding under related‑party revolving credit lines. These insider loans were amended to extend maturity to June 30, 2027 and increase total capacity to $286,000. Management states there is substantial doubt about the company’s ability to continue as a going concern and does not believe existing cash, current credit facilities and projected cash flow are adequate for the next twelve months. Disclosure controls and procedures were deemed not effective due to existing material weaknesses.
Outdoor Specialty Products, Inc. reported minimal sales and ongoing losses for the quarter and six months ended March 31, 2026. Revenue was $0 for the quarter and $65 for the six months, all from its Reel Guard product, while net losses reached $11,570 for the quarter and $31,843 for the six months.
Cash was $790 against current liabilities of $240,187, creating a working capital deficit of $229,672 and a stockholders’ deficit of $222,338. Management discloses substantial doubt about the company’s ability to continue as a going concern and notes continued reliance on related-party revolving credit lines, which were recently amended to increase borrowing capacity and extend maturities.
Outdoor Specialty Products, Inc. reported another small-scale but loss-making quarter for the three months ended December 31, 2025. Revenue from its Reel Guard product was only $65, up from $26 a year earlier, while general and administrative expenses were $18,525, leading to a net loss of $20,273.
The company had cash of $2,860 and a working capital deficit of $218,331 as of December 31, 2025, with total stockholders’ deficit of $210,768. Management states there is substantial doubt about the company’s ability to continue as a going concern and it remains dependent on related-party revolving credit lines, which were extended to December 31, 2026 and increased in size.
Subsequent to quarter-end, the company received an additional $10,600 under these insider loan agreements. Disclosure controls and procedures were deemed not effective due to existing material weaknesses in internal control over financial reporting.
Outdoor Specialty Products, Inc. (ODRS) is a tiny specialty outdoor products company built around its patented Reel Guard fishing reel protector and a not-yet-commercial Slow-Sinker sinker. For the year ended September 30, 2025, it generated only $306 of revenue, up from $163 in 2024, and recorded a net loss of $48,529.
The business relies heavily on related-party financing. At year-end, current liabilities totaled $209,859, including $194,292 outstanding on related-party revolving credit lines at 3.5% interest, against current assets of just $11,572 and cash of $6,121, producing a working capital deficit of about $198,287 and an accumulated deficit of $295,012. The auditor and management both state that these recurring losses and capital deficiency raise substantial doubt about the company’s ability to continue as a going concern.
The stock trades on the OTC Pink market, is classified as a penny stock, and has limited and sporadic quotations. Governance is highly concentrated: founder Kirk Blosch is the sole officer, director, and employee, with no independent board, no board committees, and identified material weaknesses in internal control over financial reporting.